We use cookies to personalise the website and offer you the greatest added value. They are, among other purposes, used to analyse visitor usage in order to improve the website for you. By using this website, you agree to their use. Further information can be found in our data privacy statement.



U.S. Corporation Income Tax Returns

PrintMailRate-it

U.S. corporations must generally file a U.S. Federal corporate income tax return on an annual basis on Form 1120. For 2018 and going forward, the Federal corporate tax rate is 21% of the corporation’s taxable income. Most of the 50 states and some local jurisdictions (e.g. cities) in the U.S. also require that a U.S. Corporation doing a certain amount of business in the state (referred to as nexus) file a state-specific corporate income tax return on an annual basis in the state. The state corporate tax rates depend upon specific state tax law, but they generally range from 5% to 10% of the amount of taxable income associated with the particular state. A few states impose a gross receipts tax instead of an income tax based upon the portion of gross receipts associated with the state.

Contact

Elisa Fay

CPA

Partner-in-Charge Rödl National Tax

+1 404 525 2600

Send inquiry

Profile

Contact Person Picture

Deutschland Weltweit Search Menu